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New York Workers Comp Rates

New York workers' compensation rates continue to increase in 2016.

New York's average cost for workers compensation continues to rise. A bi-annual study conducted by the OR Department of Consumer Affairs indicates that New York is now the 4th highest state for workers comp rates. The state was number 13 in 2010, and 5th in 2012. Rates are currently about 155% higher than the national median.

The workers comp system in NY is administered by NYCIRB. New York is a Loss Cost state which means that the NY Rating Board issues new manual rates for workers compensation each year (Usually around October 1). Every insurance carrier must utilize these manual rates to develop premium. However, many of our insurance companies offer additional policy discounts and premium credits for our New York quotes.

New York Workers Comp Rates and Class Codes

The workers' compensation rates listed below for New York represent the current lowest and highest insurance rates we've found effective 6/1/17. New York rates are set by the New York Workers' Compensation Board and New York State Insurance Department. Insurance companies may be able to offer discounts and credits on policies in NY. We offer Pay As You Go coverage in the state. Not all employers will qualify for the lowest rates available or maximum policy credits.

Class Code

Low Rate

High Rate

0042 Landscaping

$7.76

$15.13

2883 Furniture Mfg. NOC-Wood

$4.79

$9.34

3629 Precision Machine Parts Mfg.NOC

$2.22

$4.33

3632 Machine Shop

$4.30

$8.39

3724 Garage Door Installation

$6.20

$12.09

4452 Fabricated Products NOC

$5.18

$10.10

5022 Masonry

$20.91

$40.77

5183 Plumbing

$8.63

$16.83

5190 Electrical Wiring

$6.63

$12.93

5191 Office Machine Installation

$1.96

$3.82

5221 Concrete Construction

$15.35

$29.93

5348 Tile Installation

$9.53

$18.58

5479 Insulatoin Work MOC & Drivers

$8.01

$15.62

7380 Drivers,Chauffers ect.

$10.92

$21.29

8006 Gas Station

$2.29

$4.47

8293 Furniture Moving &/or Storage & Drivers

$14.32

$27.92

8382 Auto Repair Shop

$2.68

$5.23

8391 Automobile Sales & Drivers

$4.53

$8.83

8742 Outside Sales Person

$0.36

$0.70

8803 Clerical Service-Traveling

$0.07

$0.14

8810 Clerical - NOC

$0.18

$0.35

8854 Health Care Services- Traveling

$5.04

$9.83

8864 Developmental Organizations

$4.01

$7.82

8868 Schools - Professionals

$0.62

$1.21

8869 Day Care Centers

$0.96

$1.87

9014 Exterminators

$6.00

$11.70

9052 Hotel Employees

$4.40

$8.58

9071 Restaurant

$2.29

$4.47

9072 Restaurant Fast Food

$2.54

$4.95

9102 Park or Zoo Employees & Drivers

$3.75

$7.31

New York workers comp rates vary by industry class codes and insurance company underwriting standards. Employers' who have an Experience Modification Factor (E-MOD) assigned to their company may have additional credits or debits applied to their insurance rates based on prior premiums and workers compensation loss experience. The New York State Fund is called The State Insurance Fund (SIF).

New York is not an NCCI as they are under the jurisdiction of NYCIRB. The state has its own State Insurance Fund (SIF) which is a non-profit agency that operates separately from other state workers comp agencies.

The New York State Fund (SIF) is the insurance carrier of last resort in NY and must provide access to legally required workers compensation coverage to all employers in New York. The may only deny coverage if an employer owes a previous balance.

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Better Payment Options

We're a national leader in Pay As You Go Workers Compensation. We've developed low price programs to help reduce or eliminate down payments and allow employers to report and pay premium based on their actual wages.

We've negotiated the best deals with many of our insurance companies in order to offer more flexible payment options like 12 equal installment plans and monthly reporting to help improve cash flow for business owners.

Tough Class Codes

Faster Insurance Quotes

We offer an affordable quote for some of the toughest NCCI class codes and higher experience modifiers because we've partnered with national carriers who specialize in high hazard industries.

Our carriers and underwriters understand that we need to turn wc quotes quickly so our customers can buy coverage when they need it. We often turn quotes in less than 24 hours.

New York is not an NCCI state and, therefore, there it is not easy to compare for the NY classification codes. The New York Compensation Insurance Rating Board (NYCIRB) does not currently publish a list of manual rates by class code for any of the over 600 classifications for workers compensation in New York.

Let us shop your rates for the very best deal. Give one of our New York workers compensation Specialists a call today at 888-611-7467 for a free, no-obligating quote on workers compensation insurance.

Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.